Bentley Systems, Incorporated (NASDAQ:BSY) Position Reduced by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. reduced its holdings in Bentley Systems, Incorporated (NASDAQ:BSY) by 4.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 122,718 shares of the company’s stock after selling 5,458 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Bentley Systems were worth $5,731,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Swedbank AB increased its holdings in shares of Bentley Systems by 36.5% in the 4th quarter. Swedbank AB now owns 7,007,324 shares of the company’s stock worth $327,242,000 after acquiring an additional 1,873,029 shares during the period. Impax Asset Management Group plc acquired a new position in Bentley Systems during the 3rd quarter valued at about $88,771,000. Fiera Capital Corp bought a new stake in shares of Bentley Systems in the 3rd quarter worth approximately $42,773,000. Weiss Asset Management LP bought a new stake in shares of Bentley Systems in the 3rd quarter worth approximately $10,501,000. Finally, Bar Harbor Wealth Management bought a new stake in shares of Bentley Systems in the 4th quarter worth approximately $8,413,000. 44.16% of the stock is currently owned by institutional investors.

Bentley Systems Stock Performance

Shares of BSY opened at $43.39 on Thursday. The company’s 50 day moving average price is $46.15 and its 200 day moving average price is $48.14. Bentley Systems, Incorporated has a 52 week low of $41.84 and a 52 week high of $57.19. The company has a market capitalization of $12.65 billion, a PE ratio of 39.09, a PEG ratio of 3.52 and a beta of 1.04. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52.

Bentley Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 19th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This is an increase from Bentley Systems’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 0.65%. Bentley Systems’s payout ratio is presently 38.36%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Oppenheimer downgraded shares of Bentley Systems from an “outperform” rating to a “market perform” rating in a report on Thursday, February 27th. Robert W. Baird dropped their target price on shares of Bentley Systems from $60.00 to $59.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $62.00 target price on shares of Bentley Systems in a report on Tuesday, February 25th. JPMorgan Chase & Co. started coverage on shares of Bentley Systems in a research report on Monday, December 9th. They issued a “neutral” rating and a $52.00 target price on the stock. Finally, The Goldman Sachs Group downgraded shares of Bentley Systems from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $51.00 to $42.00 in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Bentley Systems presently has an average rating of “Moderate Buy” and an average price target of $56.14.

Insider Activity at Bentley Systems

In other Bentley Systems news, Director Keith A. Bentley sold 1,152 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $46.33, for a total value of $53,372.16. Following the completion of the sale, the director now directly owns 16,703,876 shares of the company’s stock, valued at $773,890,575.08. The trade was a 0.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 21.12% of the stock is currently owned by insiders.

About Bentley Systems

Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers open modeling engineering applications, such as MicroStation, OpenBridge, OpenBuildings, OpenCities, OpenComms, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite, OpenTower, OpenTunnel, OpenUtilities, and OpenWindowPower; and open simulation engineering applications, including ADINA, AutoPIPE, CUBE, DYNAMEQ, EMME, LEGION, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS.